ZEC/BTC is forming a bullish reversal structure. It lost significant value against Bitcoin and is showing the first signs of turning around. ZEC/BTC is presenting an Adam and Eve pattern together with setting higher lows and breaking resistance. After a rally I expect Zcash to come down (Bearish divergence) and re-test an important level, which could be a buying opportunity.
Entry : 4580 – 4710 Sats
1st target : 6248 Sats
2nd Target : 8337 Sats
3rd Target : 14044 Sats
Invalidation : Decisive break below 4500 Sats
